Online Banking: Top 10 Reasons to get a Prepaid Debit Card

You've seen the prepaid debit card offers everywhere by now. They're at Wal-Mart, your grocery store, your check cashing store, on television.... There are many offers to sort through and I'll cover some of that information in my piece When is it time for a prepaid debit card? Before you read that, take a look at the top reasons to get a prepaid debit card. Most likely you'll find at feature or two you've been missing with your checking account.

Online Banking: Top 10 Reasons to get a Prepaid Debit Card:

1. You want to give your kids a way to spend money and access their cash while limiting their overdraft fees and access to overdraft protection.

2. You want to spend your money and access your cash without having to worry about the same overdraft problems, yourself.

3. You want access to savings or other point rewards systems your bank doesn’t offer.

4. You don’t want to do business with your bank anymore and you’re tired of higher fees.

5. You want a separate account for your payroll checks but you don’t want to use your company’s payroll card system.

6. You want advanced features like text notifications, transfer via phone, expense tracking, and online banking with bill pay.

7. You overdraft your checking account often and have a hard time controlling your finances.

8. You want better customer service and more control over your money and fees.

9. You want faster access to your money. (Prepaid debit card operations won’t advertise this, but your direct payroll deposits are usually cleared/available faster than they would be by a bank.)

10. You want to send money orders from your prepaid debit card account and to any biller without having to worry about the biller being in a database.

I hope you found this helpful and will go on to read my piece, When is it Time for a Prepaid Debit Card? As with any financial dealings, be sure to read the terms and fee schedules for your new debit card.